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Author Question: Individuals derive utility from picnics, p, and kayak trips, k. Assuming that an individual's ... (Read 203 times)

segrsyd

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Individuals derive utility from picnics, p, and kayak trips, k. Assuming that an individual's utility is and income is $100, what is the marginal rate of substitution (MRS) between picnics and kayak trips?
◦ MRS = -1.
◦ MRS = -
◦ MRS = 1.
◦ There is no substitution because picnics and kayak trips are perfect complements.


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Marked as best answer by segrsyd on Jun 18, 2019

Harbringer

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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